Goldman asks analysts to swear they won’t line up private equity jobs

Talent Retention Strategies - Goldman Sachs is implementing a policy requiring analysts to disclose potential conflicts of interest, including external job offers, every 3 months [1] - The firm aims to retain top talent and ensure employees are committed for the long term, contributing valuable intelligence and networks [2] - Banks have explored various methods to retain talent, including deferred compensation packages [3] Private Equity Talent Acquisition - Private equity firms are reportedly easing off on poaching junior bankers, partly due to concerns about the quality of talent they were receiving [4] - PE firms prefer banks to train recruits for 3-5 years to ensure they develop necessary skills and experience [5] - Private equity firms acknowledge they have "pissed off" banks in recent years by hiring their talent [4] Compensation Dynamics - Young bankers are motivated to earn high salaries quickly, and private equity is perceived to offer more lucrative compensation packages [3][4]